Pip Diddy

Not a lot of data action going on in New Zealand this week. That means y’all gotta pay attention to other factors!

The Greenback takes a big “L” this week on fading geopolitical fears on the U.S.-China trade war and not-so-hot economic updates from the U.S. 

Rising no-deal Brexit odds & a call for General elections by U.K. PM Boris Johnson hurt the pound early, but Sterling bulls took back control on successful efforts by Parliament to block a no-deal Brexit. 

The Euro & Swiss Franc were net under performers this week on positive global risk sentiment & net weak economic updates from the Euro area.

Global risk sentiment was the main factor driving the Loonie’s mixed but net positive performance this week as geopolitical risks faded.

The Kiwi was the currency to rule them all thanks to a steady flow of positive geopolitical & economic developments throughout the week. 

A “no cut” meeting from the RBA was the catalyst to get Aussie bulls going, but it was the positive shift in geopolitical themes that kept the bull party going.

Weak Japanese economic updates & easing fears on the geopolitical front had traders hitting the sell button on the yen to put it into last place among the majors!

Big day ahead for the U.S. dollar with the monthly U.S. employment update & we’ve got textbook technical setups on EUR/USD to play any short-term moves on the Greenback that will likely occur. 

USD/CAD hits the top of today’s watchlist after the latest BOC statement, and later will see important updates from the U.S. jobs sector.